FDP - FDP フレッシュ・デルモンテ・プロデュ―ス （）

It’s not your imagination: that salad on your table is getting more expensive. Some data points back to shifting eating patterns that emerged from the pandemic in 2020. Produce farmers like Fresh Del Monte Produce Inc (NYSE: FDP ) struggled in 2020 and even lost money in the fourth quarter of that year. But that’s not the whole story. While humans suffered a pandemic, produce was suffering from its own disease. The average price of romaine lettuce in U.S. cities reached $3.14 per pound in October 2022, up 55% since February 2020, the month prior to when the pandemic hit U.S. shores, according to data from the St. Louis Federal Reserve Bank. At Walmart Inc (NYSE: WMT ) the cheapest head of iceberg lettuce at one point was selling for $1.88 per head and even then was “out of stock.” Some heads of iceberg lettuce were selling for up to $2.56 per head. Not all of this is due to COVID-19 . The Perfect Storm For Lettuce: Farmers did grow less in response to pandemic eating habits, but the disease known as Impatiens Necrotic Spot Virus (INSV) descended on the lettuce crop in 2022 to add to the perfect storm.

One company we purchased this year in the soft-commodity space is Fresh Del Monte Produce Inc.

Fresh Del Monte Produce found using ticker (FDP) now have 2 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 33 and 33 calculating the average target price we see 33. With the stocks previous close at 27.12 this indicates there is a potential upside of 21.7%. There is a 50 day moving average of 26.09 and the 200 day moving average is 26.53. The market capitalisation for the company is $1,297m. You can visit the company''s website by visiting: https://www.freshdelmonte.com [stock_market_widget type="chart" template="basic" color="green" assets="FDP" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,578m based on the market concensus. Fresh Del Monte Produce Inc., through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally.

One company we purchased this year in the soft-commodity space is Fresh Del Monte Produce Inc.

Fresh Del Monte Produce found using ticker (FDP) now have 2 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The range between the high target price and low target price is between 33 and 33 calculating the average target price we see 33. With the stocks previous close at 27.12 this indicates there is a potential upside of 21.7%. There is a 50 day moving average of 26.09 and the 200 day moving average is 26.53. The market capitalisation for the company is $1,297m. You can visit the company''s website by visiting: https://www.freshdelmonte.com [stock_market_widget type="chart" template="basic" color="green" assets="FDP" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $1,578m based on the market concensus. Fresh Del Monte Produce Inc., through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Europe, the Middle East, Africa, Asia, and internationally.

Fresh Del Monte Produce continues to generate attractive sales and earnings growth. See why FDP stock could still have some upside potential.

Fresh Del Monte Produce (NYSE:FDP) has declared $0.15/share quarterly dividend, in line with previous.Payable Dec. 9; for shareholders of record Nov. 16; ex-div Nov.

Fresh Del Monte Produce Inc. (NYSE:NYSE:FDP) Q3 2022 Results Conference Call November 02, 2022 10:00 AM ET Company Participants Ana Miranda - Vice President, Global FP&A and Investor…

State of Alaska Department of Revenue increased its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 15.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 24,270 shares of the companys stock after buying an additional 3,230 shares during the quarter. State of Alaska []

Credit Suisse AG cut its stake in Fresh Del Monte Produce Inc. (NYSE:FDP) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,527 shares of the companys stock after selling 2,576 shares during the quarter. Credit Suisse AG owned approximately 0.07% []

California State Teachers Retirement System lowered its position in Fresh Del Monte Produce Inc. (NYSE:FDP) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,253 shares of the companys stock after selling 673 shares during the period. California []

TheStreet downgraded shares of Fresh Del Monte Produce (NYSE:FDP) from a b- rating to a c+ rating in a report released on Wednesday morning, TheStreetRatingsTable reports. Shares of NYSE:FDP opened at $26.90 on Wednesday. The firm has a market cap of $1.28 billion, a P/E ratio of 13.87 and a beta of 0.74. Fresh Del []

Amalgamated Bank bought a new position in Fresh Del Monte Produce Inc. (NYSE:FDP) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 15,436 shares of the companys stock, valued at approximately $508,000. A number of other large investors have also recently added to or []